Tag Archives: F&B

Pancakes to burgers: IHOP suffers backlash in name change

IHOP

(Source: ABS-CBN News | June 12, 2018) After tantalizing fans for a week, IHOP, the ubiquitous blue-roofed American chain which promises pancakes 24 hours a day, said Monday it was changing its name to IHOb — International House of Burgers — in a ploy to expand its market image beyond breakfast. The move sent pancake breakfast lovers into a furor ...

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Anton Huang celebrates SSI’s 30th year with 638 stores, expands food business

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(Source: The Philippine Star | June 10, 2018) Did you know that Anton Huang used to inspect bras as one of his first jobs when he was a working student? Isn’t it cool for an industry leader, the president of Stores Specialists Inc.(SSI) Group, now celebrating its 30th year as the leading specialty retailer in the Philippines with a network ...

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Costs up, but golden topping for Shakey’s Pizza

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(Source: Inside Retail Philippines | May 18, 2018) Pizza parlour chain Shakey’s Pizza Asia Ventures grew its first-quarter net profit by 6.4 per cent to PHP184 million (US$3.5 million), even as higher input costs tempered the impact of double-digit growth. Shakey’s grew its first-quarter systemwide sales by 10 per cent to PHP2.2 billion. This was mainly attributed to a 2 percent growth ...

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Queues as Jollibee Europe debuts in Milan

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(Source: Inside Retail Asia | March 28, 2018) There were queues when Filipino fast-food giant Jollibee Europe opened its first-ever branch, in Milan. An estimated 170,000 Filipinos live in the Italian city. In the early hours of the outlet’s opening day, families, young people, members of the Filipino community, and even locals were lining up in front of the Jollibee ...

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NZ’s Epiphany Cafe eyes Asian expansion

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(Source: Inside Retail Philippines | March 15, 2018) A rural New Zealand donut maker is set to expand into Asia, initially targeting the Philippines, Indonesia, Malaysia and Singapore. Epiphany Cafe started just two years ago as a single family-owned store in the Waikato city of Hamilton, in the heart of New Zealand’s largest dairy-farming region. Since then it has expanded ...

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Max’s Group’s income rises by 12% to P627m

(Photo from: pageone.ph)

(Source: Manila Standard | March 16, 2018) Max’s Group Inc. registered a net income of P626.7 million in 2017, up 12 percent from P561.7 million in 2016, on strong restaurant sales and rollout of new stores. MGI said in a disclosure to the stock exchange system-wide sales rose 13 percent to P17.34 billion in 2017 from P15.34 billion in 2016. ...

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McDonald’s Philippines to add 40 stores

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(Source: Inside Retail Asia | March 6, 2018) Golden Arches Development Corp (GADC) is planning to invest up to PHP2 billion (US$38.4 million) so McDonald’s Philippines can open at least 40 new stores this year. Majority owned by chairman/founder Dr George Yang and his family, GADC is the master franchise holder of McDonald’s in the Philippines and has been a ...

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Vietnam franchise market holds great potential for F&B

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(Source: Inside Retail Asia | 2 May 2017) Five successful international F&B franchises have outlined why they see Vietnam as the next major potential market to seek partners and franchisees. Senior executives from Little Caesars, Presotea, Element Fresh, The Boiling Crab, and Grimaldi’s participated in a franchise discovery day in Hanoi last week, organized by Ho Chi Minh City-headquartered, regional ...

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